Outlines the key aspects of infrastructure-as-a-service (IaaS) cloud offerings that must be assessed by financial institutions before selecting a cloud provider, and it presents an assessment of the next generation IaaS offerings of four market leaders – Amazon Web Services, Google Cloud, Microsoft Azure and Oracle Cloud – as well as the open source initiative, OpenStack.

The degree to which a financial institution can exploit the cloud model depends decidedly on which services it chooses to migrate, the migration strategy, the depth and availability of relevant skillsets within the organisation and whether or not the next generation cloud solution of the specific cloud provider with which the company chooses to partner with is fit for purpose